Virginia Homeowners Insurance

Homeowners insurance doesn’t need to be complicated. Compare rates from Virginia by city and insurance company below.

How to get affordable home insurance in Virginia


Homeowners insurance is an optional — but important — product that works to keep your belongings safe in the event your house or property suffers damage from common incidents. A homeowners insurance policy protects your dwelling, personal property, and other buildings in the event of an array of calamities, such as fire, theft, vandalism, or wind damage.

Major gaps exist in homeowners insurance costs from state to state. Home insurance costs in a given state diverge depending on the number and value of homeowners claims filed in that state, and depend on the price of the belongings and home you're insuring.

The easiest way to find a cheap home insurance policy in Virginia is to view prices from as many insurance companies as you can. Get an idea of how much home insurance costs in Virginia by referencing the below tables. Individual rates may vary depending on coverage options and the value of the dwelling being insured.


Virginia home insurance:
  1. Rates by company
  2. Rates by city
  3. Bundling


Homeowners insurance prices in Virginia by insurance company

Home insurance prices in Virginia vary depending on the insurance company you choose. Virginia Farm Bureau offers the best deal on home insurance policies in Virginia — $777 yearly. This compares favorably to the state average rate of $1,100, offering a $324 price cut on the state's average rate.

Begin the hunt for cheap home insurance by viewing average rates from top Virginia companies, listed below.


THE MOST AFFORDABLE HOMEOWNERS INSURANCE COMPANIES IN VIRGINIA
Insurance CompanyAverage Yearly Rate in Virginia
Virginia Farm Bureau$776.59
Travco$850.58
Safeco$992.53
Nationwide$1,025.20
Erie$1,041.06


Virginia home insurance by city

Not all Virginia cities have equal homeowners insurance rates. Prices may depend on locally specific variables such as the number of local claims filed, giving your ZIP code weight in deciding how much you pay.

The best homeowners insurance in Virginia is found in Arlington. A typical home insurance term in Arlington totals just $777 per year — $323 less than the average policy in other Virginia cities. The below table shows the best places to live in Virginia if you’re looking for cheap homeowners insurance.


CHEAPEST HOME INSURANCE CITIES IN VIRGINIA
CityAverage Yearly Home Insurance Rate
Arlington$777.10
Alexandria$778.17
McLean$796.36
Reston$798.91
Burke$802.41


Tip: bundle home and auto insurance in Virginia

If you’re seeking ways to save on your insurance expenditures, consider holding your car and homeowners policies with the same insurance company. Bundling homeowners and auto insurance in Virginia can save you a substantial sum each month on car insurance. Bundling policies in Virginia may generate a yearly discount of $57.


HOME AND AUTO INSURANCE BUNDLING SAVINGS IN VIRGINIA
Avg. Annual Auto Insurance Rate (No Bundle)Avg. Annual Auto Insurance Rate (Bundle)Annual Bundle SavingsBundle Savings %
$889.00$832.00$57.007%


A great way to save is to bundle your home and auto insurance policies. Find a policy today!


Compare rates from top car insurance companies.

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Homeowners insurance and hurricanes in Virginia

Because hurricanes can cause such calamitous damage and completely ravage buildings altogether, insurers are reluctant to take on the full risk of hurricanes as a whole. If you live in Virginia, you could face increased risk of experiencing hurricane damage. In fact, 26,960 single-family homes are at extreme risk of hurricane damage in Virginia.*

If you live near the coast, it's crucial to check and understand your homeowners insurance policy because usually a basic home policy won't be sufficient to cover hurricane damage — you would need separate flood and windstorm insurance policies, both of which would be applicable to pay for repairs or replacements. Depending on your location, your insurer may require a separate hurricane deductible if you live in a region that's at high risk for hurricanes.

*Source: Insurance Information Institute (https://www.iii.org/fact-statistic/facts-statistics-hurricanes)

 

Floods and home insurance in Virginia

Flood damage — no matter the circumstances under which it occurs —is not covered by standard home insurance. To ensure your home is covered, buy insurance through FEMA's National Flood Insurance Program (NFIP) or via a private insurance company.

Flood insurance coverage from private companies may vary, but if you buy through the NFIP you receive:

  • $250,000 coverage for your home's structure
  • $100,000 coverage for your personal property

If the value of your property and home exceed these limits, consider purchasing a policy from a private company for additional protection. Flood insurance is key in Virginia, which suffered $4,361,841 in 2016 flood insurance claims, according to data from FEMA.